Category: 4. Business
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Estimated $50b in Household Foreign Currency Holdings in Iran – Iran News Daily
TEHRAN – According to Mohammad Reza Pour-Ebrahimi, a former member of parliament, an estimated $40 to $50 billion in foreign currency is held by Iranian households. He stated that if these funds were directed into production sectors,… Continue Reading
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Iran secures Chinese financing for 1,758MW solar power plant project
TEHRAN – Iran’s Economic Council has approved a financial foreign loan (financing) of 3.897 billion yuan to fund the construction of solar power plants with a total capacity of 1,758 megawatts (MW) across the country. The approval, signed by… Continue Reading
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Iran, Kazakhstan Aim for $3b Trade – Iran News Daily
Iran, Kazakhstan Aim for $3b Trade TEHRAN (Iran News) The President of the Iran Chamber of Commerce, Industries, Mines, and Agriculture, Samad Hassanzadeh, highlighted the geographical and cultural ties between Iran and Kazakhstan, stressing… Continue Reading
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Iran, an economic investment, commercial production paradise
TEHRAN- In recent years, the global economy has been seeking new investment opportunities and expanding commercial production. With its vast natural resources, educated workforce, and strategic geographical location, Iran has the potential to be… Continue Reading
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Exclusive: Pezeshkian’s Moscow visit unblocks trade opportunities, says Russian official – Iran News Daily
A Russian export official says Iranian President Masoud Pezeshkian’s January trip to Russia has removed trade barriers between the two countries. Exclusive: Pezeshkian’s Moscow visit unblocks trade opportunities, says Russian… Continue Reading
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Brazil to Host BRICS Summit in July amid Trade Tensions with US
TEHRAN (Tasnim) – Brazil announced on Saturday that the next BRICS summit will be held in Rio de Janeiro on July 6-7, as the country assumes the group’s presidency through 2025. Continue Reading
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BRICS summit to be held in Rio de Janeiro on July 6-7
“The date and venue for the BRICS Summit in 2025 have been confirmed. It will take place in Rio de Janeiro on July 6 and 7,” the press service informed. Brazil assumed the presidency in BRICS from January 1 of this year, TASS reported. The… Continue Reading
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Vehicle scrappage in Iran at its 10-year high: IDRO
Iran’s industry ministry authorities say car scrappage has hit a 10-year record this calendar year. … Continue Reading
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Iran reports substantial increase in trade with neighbors
Iran says its trade with neighbors rose by nearly 20% in value terms in the 10 months to late January. … Continue Reading
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India’s First Rail Transit to Afghanistan Via Iran Successfully Completed – Iran News Daily
India’s First Rail Transit to Afghanistan Via Iran Successfully Completed TEHRAN (Iran News) The first India-Afghanistan transit train reached Rozanak station in Herat. The shipment, initially transported by sea to Iran’s Bandar Abbas port,… Continue Reading